Navient Corp (NAVI) Shares Sold by Barings LLC

Barings LLC trimmed its stake in shares of Navient Corp (NASDAQ:NAVI) by 87.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,500 shares of the credit services provider’s stock after selling 164,109 shares during the period. Barings LLC’s holdings in Navient were worth $317,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Canyon Capital Advisors LLC increased its stake in Navient by 27.1% in the 2nd quarter. Canyon Capital Advisors LLC now owns 25,607,480 shares of the credit services provider’s stock valued at $333,665,000 after buying an additional 5,465,768 shares during the last quarter. BlackRock Inc. increased its stake in Navient by 43.4% in the 2nd quarter. BlackRock Inc. now owns 24,405,633 shares of the credit services provider’s stock valued at $318,005,000 after buying an additional 7,380,981 shares during the last quarter. LSV Asset Management increased its stake in Navient by 4.0% in the 2nd quarter. LSV Asset Management now owns 6,399,207 shares of the credit services provider’s stock valued at $83,381,000 after buying an additional 248,144 shares during the last quarter. FMR LLC increased its stake in Navient by 4.0% in the 2nd quarter. FMR LLC now owns 5,920,147 shares of the credit services provider’s stock valued at $77,139,000 after buying an additional 229,419 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Navient by 25.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,937,215 shares of the credit services provider’s stock valued at $51,301,000 after buying an additional 799,292 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Navient from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Zacks Investment Research lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. BidaskClub lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Citigroup lowered their price target on shares of Navient from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of Navient in a research note on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Navient currently has an average rating of “Hold” and an average target price of $15.79.

Shares of NAVI opened at $11.86 on Monday. Navient Corp has a one year low of $11.30 and a one year high of $15.02. The stock has a market capitalization of $3.14 billion, a PE ratio of 6.63 and a beta of 2.12. The company has a quick ratio of 21.92, a current ratio of 20.36 and a debt-to-equity ratio of 25.59.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Navient had a net margin of 4.29% and a return on equity of 13.43%. The company had revenue of $327.00 million during the quarter, compared to the consensus estimate of $310.17 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts forecast that Navient Corp will post 1.91 earnings per share for the current fiscal year.

Navient Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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